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Posted in Board Brief on Jun 15, 2022
We are excited to be nearing the release of our new website. It will include many new features which we will be highlighting over the next two Board Briefs.
Here’s What to Expect:
· Next month, we will highlight the features of the new site.
· The month after, we will talk about how you can use the website.
We have focused on making it quicker and easier to access the things you need such as:
· Home Banking
· The ability to fill out more applications and forms online (if you choose)
It will have a new look, improved navigation and access to all the information in a better, more...
Posted in Board Brief on May 18, 2022
The last two months Board Briefs looked at the purpose and value of Title insurance companies, as well as, Title Theft Insurance companies.This month, we look at who is most at risk in a Title theft scheme and why it’s not you.
Who's Most at Risk? Title theft criminals try to dupe the buyer. Their play is to pose as the owner of a property and to get someone to purchase the property from them. Usually that means they are looking for a cash sale, rush to close without the usual real estate institutions involved (meaning there is no mortgage lien on the property).
If you live on the property yo...
Posted in Board Brief on Apr 20, 2022
Last month’s Board Brief looked at the purpose and value of Title insurance companies. This month, we look at the claims of Title Theft Insurance, which is very different.
Title Theft Insurance is sold by many legitimate companies. They claim criminals can create fraudulent ID’s and other documents, submit them to your local jurisdiction responsible for maintaining property records and have the title transferred without you knowing. While this is possible and can happen, it is difficult for criminals to accomplish. The chances of Title fraud are proportionately higher for vacant property and ...
Posted in Board Brief on Mar 16, 2022
We’re know the buying/selling housing market has been crazy. We've also seen plenty of scarey news items saying everyone is at risk of having their home stolen from under them by a crook who fraudulently forges their home title.
It's important to know it's being overhyped by companies selling Identity protection and Title Fraud protection.
This is a three-part series on what Title insurance is, what Title insurance protection is (and isn’t) and who is really at risk as far as homeownership and Title fraud is concerned.
What exactly is HomeTitle Insurance?
Title Insurance is a legitimate busine...
Posted in Board Brief on Feb 16, 2022
Why use an IRS IP Pin Number? IRS IP PINs are designed to make it more difficult for thieves to file false tax returns. If you use an IRS PIN, Identity thieves would need to know your Social Security number AND your IP PIN.
IRS IP PINs used by individual filers are only temporary. Each taxpayer’s IRS IP PIN lasts for a year. The following year, taxpayers will have to sign up for a new IP PIN that they will use when filing that year’s income tax returns.
How do I set up an Annual Number? If you have not used an IRS IP Pin, you can get one by logging onto the “Get an IP PIN” on the IRS website (...